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Persistent link: https://www.econbiz.de/10000934834
This paper proposes an explicit test for determining the significance and the timing of" slowdowns in economic growth during the postwar period. We examine a large sample of" countries (both industrialized and developing), and find that a majority though not all " exhibit a significant...
Persistent link: https://www.econbiz.de/10013216109
This paper provides evidence on the unit root hypothesis and long-term growth by allowing for two structural breaks. We reject the unit root hypothesis for three-quarters of the countries approximately 50% more rejections than in models that allow for only one break. While about half of the...
Persistent link: https://www.econbiz.de/10013222058